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Nobody knows what exactly he did for a living before he turned to cryptocurrencies. Experts suspect that the hack could be an insider job, but nobody has any proof. As many as million coins are expected to be mined. Veritaseum has the largest trade volume at EtherDelta. If the top ten coins are taken out of the list, the average trading volume drops to 2.
Veritaseum occupies the 98th place among these coins. If Veritaseum moves to another exchange such as Bittrex or Poloniex, its true value will be known. Stock Market Has Not Yet Implemented Blockchain Technology: This is the biggest reason to steer clear of Veritaseum, which claims that any financial asset, including stocks, can be traded on its platform.
Even the most accepted coins in the world of cryptocurrency, Ether and Bitcoin, are not as widely accepted in the mainstream. Currently, investors can trade bitcoins like a stock only in two funds, one in Europe and one in the US.
Right now, holders of cryptocurrencies are not interested in using it to trade stocks. They find cryptocurrencies too unpredictable and volatile and will not put their money in a cryptocurrency just to buy stocks.
They would prefer doing it through well-regulated financial institutions, especially when the fees for doing so are low. While nobody has any complaint against his blog, which as several decent articles, many have complained about the uselessness of his YouTube videos. He mentions the fact that he was on CNBC as a guest analyst several times in his videos in order to hide the fact that they lack substance.
One of his videos is about how banks and corporations cannot be trusted and another has a broken link. Most of the videos have a chorus that chants his name while a cheetah or leopard stalks across the screen.
Where to Buy. Latest Veritaseum news. More about Reggie Middleton Resources. Contact Me. Author David Nugent David is a forex trader and writer who has spent the last few years giving his opinion and spreading news about oncoming markets and trading tips. Bitcoin Cash. Google is the Google of information on the Internet. We are the Google of Value exchange, everywhere.
Our primary product line is creating the entranceway to the global peer-to-peer capital markets. Thus our target market is those who use capital, ie. This may seem pie in the sky-ish to some, but think about gaining the keys to the internet in If you were to do that successfully, who would your target market have been?
Instant understanding! The value-add? Veritaseum brings dramatically lower costs for transactions of value while simultaneously offering superior service. We do all of this at near zero margin, meaning that competitors should expect to run at zero profit to compete with us.
Veritaseum was conceived in , and a prototype of our value trading platform was up and running by the end of that year ï¿½ the first capital markets implementation of smart contracts and blockchain technology of its kind. We believe we are also the first to file for patent protection of the same. The platform allows you to trade the value of almost any listed financial asset, about 25, tickets, all without a broker, bank or exchange ï¿½ or risk of someone not paying you.
What software development has been done on Veritaseum? When will the final product be launched? We have about 10, lines of code in the beta product, which has been running live on the bitcoin blockchain for years now.
It was pulled from public access when the CFTC claimed regulatory authority over bitcoin causing potential compliance issues with esoteric rules. As we port the app over to Ethereum, we will be coding and engineering our way around those snafus. Expect a stable product no later than We are also creating smart contract-driven synthetic digital asset managers that aim to best the exposures and performance attempted by hedge funds, but at zero margin.
We will make our money by selling the machine research. The machine just pays fees for research and the services needed to stay in existence and its sole purpose in life is to make money for the Veritas token holders that sent tokens to it without charging them. You can expect an alpha version of this within 30 to 60 days. That soon! There you go. In a nutshell. The interface will be done in HTML5, and will be easy enough for my 11 year old daughter to use.
How many software developers work on the development? Thus far, five developers, engineers and analysts we are much more than a technology firm , but we plan to scale up some after the token offering. Actually, we are looking for biz dev, marketing and salespeople now.
What are the main objectives of Veritaserum for ? How will your strategy develop in the next 5 years? Will Veritaseum be financed only from the ICO, what will be the source of funding for developments in the future?